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WUSA (CBS) 2
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
CBS
Dec 28, 2012 5:30pm PST
, will not be the so- called grand bargain with trillions of dollars of deficit lionction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts ulr the defense department and peher government programs. it looks like those cuts will go forward. what the president said today is 24 hours from now the senate leaders have to have a plan that deals with income taxes at a rate to be determined later, the threshold of that income-- and some federal benefit. and if they don't reach a deal, he will have his own plan "b." >> if we don't see an agreement hetween the two leaders in the senate, i expect a bill to go on the floor, and i've asked senator reid to do this, put a eill on the floor that makes tare that taxes on middle class families don't go up, that unemployment insurance is still ploylable for two million people, and that lays the dioundwork then for additional deficit reduction and economic growth steps that we can take in ane new year. but let's not miss this deadline. neat's bare minimum that we should be able to get done. >> reporter:
CBS
Dec 31, 2012 7:00pm EST
deficit but to keep spending cogs that cuts that have been agreed to from not happening. >> suessy it looks like a sourcethat told me they are negotiating right now to come up with a to 20 to 30 billion three need to move it back to two to three months and that seems to be going well. talk us through the steps over the next couple of days. let's assume we go over the cliff and there is a good chance of that. can we assume that the democrats and represents republicans are close enough they are going to sign off in the next couple of days or has the dynamics changed. >> my new years resolution is tofix the cracks in my crystal ball. >> glad to hear that. >> it will take a a lot.the sens 23,459 senate is coming together and they expect to have a vote by the time the ball drops or maybe just after. the house looks like it's going to come back at 12:00 tomorrow. that's the most difficult part. >> we are hearing that perhapsnancy pelosi may have to gleet get a lot of democratic votes to pass what whatever the central gnat senate passes tomorrow. if it doesn't come together tomorrow it wi
CBS
Dec 31, 2012 6:30pm EST
of spending cuts and might actually add to the deficit. tennessee senator bob corker. >> everybody on this body knows we've done nothing -- nothing -- by the time this agreement takes place to reduce a penny of debt in this country. people know that. that's a shame. >> reporter: tonight the two sides are still haggling over the $110 billion worth of spending cuts across-the-board cuts that are set to go into effect tomorrow. they're trying to figure out a way to push those cuts off for at least a couple of months. because of that, rebecca, the senate still hasn't voted and the house can't vote until the senate does. so we're still in limbo. >> nancy cordes, thank you. president obama gave a briefing on the budget talks before an audience that included former campaign volunteers and supporters. major garrett is at the white house tonight. major, good evening. >> good evening, rebecca. the president wants higher income taxes on the wealthy but he had to give up a few things to achieve that. gone, for example, the $250,000 threshold that was part of the presidential successful re-elec
Search Results 0 to 3 of about 4 (some duplicates have been removed)